Despite some of the lowest mortgage rates in decades, the single-family home market in Colorado Springs is slowing – but not as fast as was feared. Compared to 2001, year-to-date new single-family residential building permits are down almost 12 percent. That is a “markedly better performance than the 20 percent decline,” said Fred Crowley, economist […]
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Recently Wells Fargo published findings indicating that in the past ten years, the average stockholder earned $23,000 in the stock market and the average homeowner earned $44,000 in home equity. An interesting observation… With mortgage rates at a 35-year low, the company says in 1998, rates were below 7 percent for a total of 17 […]
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Thought I’d be a poet, So I found me a loft Went inside for a look see, Found my pocketbook’s too soft – Unknown The trend may have started in Greenwich Village, when Ginsberg, Kerouac, and Burroughs were eking out a living, making do with coldwater flats at the wrong end of a long voyage […]
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Everyone likes the concept of one-stop shopping: get your gas, groceries and garbage bags at one superstore. That is the concept a group of already successful business owners put to work when they formed Office Now. Office Now combines communications, office furniture, copiers and printers, and even office space in one stop. IT Communications, Facilitek, […]
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The number of construction companies that survived Colorado Springs’ boom-bust cycles over the years are few. After 18 years in the Pikes Peak region, however, Copestone General Contractors has earned a secure place in the history books for its staying power and its steady growth. Kurt Kaltenbacher, Copestone’s founder and president, arrived in Colorado Springs […]
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Hope I didn’t throw those of you looking for the Urban Land Institute update a curve last week. The information was held for this week’s column instead. As usual, commercial real estate seems to be attracting renewed attention in the face of the stock market’s contractions – it’s even starting to attract the attention of […]
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No flowery prose today – there’s too much real estate news to pass on. From the opening of the 2002 Parade of Homes to the Urban Land Institute’s mid-year projections and a plethora of new transactions to report, the dog days of August will be anything but dull. HBA’s Parade of Homes Runs August 9-25 […]
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What are the odds? Owners of Triple Crown Casinos believe they are good – so good they’re spending several million dollars to build a 476-stall parking garage featuring covered walkways into the three casinos the group owns. The garage will funnel bettors into J.P. McGill’s, Midnight Rose, and the Brass Ass casinos. It is the […]
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Congratulations this week to the City of Fountain for its 2002 designations as one of the country’s top ten “All American Cities.” Mayor Ken Barela and City Manager, Greg Nyhoff, along with the Fountain City Council definitely get credit for raising the awareness, the commitment and the money (the national competition requires that a city […]
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The Small Business Administration says its new SBAExpress loan program will make loan applications easier to complete and faster to implement. The pilot loan program will also significantly expand the number of lenders participating in the program and increase access to capital for small businesses. In particular, the SBA has implemented program modifications to allow […]
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Taa Dixon, a 1994 Colorado College grad with a flair for big-picture thinking, started 720 Media, a website design and strategic marketing firm in Colorado Springs. Two years later, her company has already developed an enviable list of premier marketing accounts. This rising star in the Pikes Peak region’s entrepreneurial skies heads a young team […]
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According to UCCS College of Business and Administration’s Southern Colorado Economic Forum Senior Economist Fred Crowley, Colorado Springs has begun to recover from a brief recession, but is trailing the national recovery by several months. He arrives at this conclusion in the Forum’s Quarterly Updates and Estimates. His analysis is based on measuring several key […]
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